Economy & Business

"New U.S. Nuclear Reactors Close To Construction -- S&P"

"For the first time in more than 30 years, the construction of new nuclear power plants is under way in the United States despite the ongoing nuclear crisis at Fukushima in Japan." That's according to Standard & Poor's, the profit-driven credit rating agency that painted a rosy picture of Wall St. financial institutions as they were melting down in 2008.

Source: Reuters, 05/05/2011

Court Rejects 'National Security' Claim on Secret Trade Docs

The Trade Representative had denied a Freedom of Information Act request by the Center for International Environmental Law for documents related to the Chile-US Free Trade Agreement. It claimed some documents should remain secret on the grounds of "national security."

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Energy Markets Partly Blinded by EIA Budget Cuts

In response to deep cuts in its budget, EIA announced that it would not be able to compile and publish products like its ongoing estimates of US oil reserves. In fact, EIA will not even be able to continue its investigation of whether speculators are driving up oil prices.

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